Böhl, Gregor: Macrofinance dynamics, heterogeneity, and policy design. 2017
Inhalt
- Acknowledgements
- Contents
- List of Tables
- List of Figures
- Introduction
- Monetary Policy and Speculative Stock Markets
- Introduction
- Model
- General Equilibrium and Estimation
- Endogenous Fluctuations in Asset Prices
- Conclusion
- Appendix
- Entrepreneurs' optimization problem
- Bayesian estimation
- Solving for the rational expectations equilibrium
- Eigenvalues of the Rational Expectations System
- Fitting the model to match the statistical moments from Table 1
- On the Evolutionary Fitness of Rationality
- Introduction
- Model
- Numerical solution
- Results
- Endogenous dynamics
- The consequences of rationality
- Comparing rational and fundamentalist traders
- The two-trader type model
- Risk adjusted fitness measure
- Conclusion
- Appendix
- Capital Taxation and Investment: Matching 100 Years of Wealth Inequality Dynamics
- Introduction
- Literature
- Model
- Analytical Results
- An Empirical Application
- Validation and Projections 2040
- Conclusion
- Appendix
- Proofs of the Propositions
- Robustness with Respect to
- Out-of-sample tests for the UK and France
- Additional Notes on the Stationary Distribution
- Bibliography